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We invested in the downturn and we never stopped serving our clients.
Jamie Dimon
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Jamie Dimon
Age: 68
Born: 1956
Born: March 13
Banker
Business Person
New York City
New York
James Dimon
James Jamie Dimon
Downturn
Invested
Clients
Serving
Stopped
Never
More quotes by Jamie Dimon
I do believe that some of these regulations made the markets more volatile, and it remains to be seen how bad that can be.
Jamie Dimon
We got a lot of excellent people and businesses from Bear and WaMu. But Bear definitely was more painful. WaMu got us into Florida, California, and other states, which was a huge benefit - to expand and grow and add middle-market, private banking, investment banking, and other products, too.
Jamie Dimon
The government has the right to change laws and rules and regulations.
Jamie Dimon
The term too big to fail must be excised from our vocabulary.
Jamie Dimon
You cannot prove this in real time, but when economists 20 years from now write a book on the recovery, it may well be entitled, It could have been much better.
Jamie Dimon
I don't mind paying higher taxes, because I've done quite well and I'm blessed to live in this country.
Jamie Dimon
I was a normal human being, but I did like that. I read a lot. I also liked math and science.
Jamie Dimon
You have your own culture and your own ways of doing things. I hope Japan continues on this path.
Jamie Dimon
More people are working, lending is up and savings are up. These are all positive signs for a strengthening economy.
Jamie Dimon
I completely agree with the concept that American citizens shouldn't expect that a failure of a bank would cost them money, or that it would hurt the economy.
Jamie Dimon
On Wall Street, there is no Wall Street there are individuals.
Jamie Dimon
JPMorgan was already, for the most part. Our businesses at JPMorgan share the same cash-management systems. The commercial bank, the private bank, the retail bank, they all use the branches. The cash-management system moves the money around the world - for global corporations, and for you, the consumer, too.
Jamie Dimon
It might be harder for us to charge a higher interest rate, like they do, so it might not be as profitable for us. But we can either compete or partner, like we've announced with On Deck, which does some of the stuff we just spoke about.
Jamie Dimon
I advise other companies' CEOs, don't fall into the trap where you go, 'Where's the growth? Where's the growth?' Where's the growth?' They feel a tremendous pressure to grow. Well, sometimes you can't grow. Sometimes you don't want to grow. In certain businesses, growth means you either take on bad clients, excess risk, or too much leverage.
Jamie Dimon
I think normalization is a good thing.
Jamie Dimon
Economies of scale are a good thing. If we didn't have them, we'd still be living in tents and eating buffalo.
Jamie Dimon
One of the issues with some of these lenders is going to be, where will their provider of credit be when there's a crisis? That's why some of these smarter services, to support their operations, are courting more permanent capital. They want a source of longer-term funding that can survive a crisis.
Jamie Dimon
JP Morgan always has higher capital liquidity, that is partially to make up for mistakes and problems and obviously its a tough economy. We support an oversight committee, we supported some of the compensation, new compensation rules, though we already follow most of them. We support a lot of it.
Jamie Dimon
I think the free-enterprise system has been great for society. That doesn't mean it's completely perfect. And also, when people say capitalism, I'm not really sure what they mean.
Jamie Dimon
We take smaller companies and middle-sized companies, all around the world, and we do currency exchange for them we raise bonds and equities for them and we do inventory finance, trade finance, and custody of assets.
Jamie Dimon